10 Best Aluminum Stocks to Buy According to Billionaires

2. Steel Dynamics, Inc. (NASDAQ:STLD)

Number of Billionaires: 12

Number of Hedge Fund Holders: 45

Steel Dynamics, Inc. (NASDAQ:STLD), a prominent steel producer and metal recycler in the U.S., operates through Metals Recycling, Aluminum segments, Steel, and Steel fabrication. The company produces a range of steel and aluminum products for manufacturing, construction, and automotive industries.

Steel Dynamics reported robust financial performance for the fourth quarter and full year ended December 31, 2024. The company reported a fourth-quarter net income of $207 million, or $1.36 per diluted share, with an adjusted EBITDA of $372 million. Full-year 2024 net income came at $1.5 billion, or $9.84 per diluted share, while adjusted EBITDA amounted to $2.5 billion. Despite lower realized pricing in the quarter, the Steel Operations segment remained a significant driver, with near-record annual shipments of 12.7 million tons. Moreover, Steel Dynamics, Inc. (NASDAQ:STLD) garnered $1.8 billion in cash from operations and ended the year with $2.2 billion in liquidity, maintaining a robust balance sheet.

Furthermore, through its Aluminum Operations segments, which have been a key area of strategic growth, Steel Dynamics, Inc. (NASDAQ:STLD) continued to broaden its presence in the aluminum market. A significant milestone in its aluminum expansion was achieved as the company successfully cast its first aluminum ingot at the Columbus facility in 2025. The rolling mill and slab casting center in Sal Luis Potosí, Mexico, are advancing well, with commercial shipments anticipated to begin in mid-2025. The company aims to achieve an annual EBITDA of $650 million to $700 million as it expects the aluminum platform to reach a 50% run rate by the end of 2025 and 75% in 2026.

Along with strong financials, the company grew its quarterly dividend by 9% to $0.50 per share and authorized an additional $1.5 billion for share repurchases, reinforcing its commitment to shareholder value. Since 2017, the company has also repurchased $6.7 billion of its stock, dropping outstanding shares by 41% and returning $1.7 billion to shareholders in dividends.

Moreover, Steel Dynamics, Inc. (NASDAQ:STLD) was titled as one of the World’s Most Admired Companies for 2025 by Fortune, signifying the eighth consecutive year of this recognition. The company earned top scores for corporate reputation, international competitiveness, innovation, and financial soundness.

Consequently, Steel Dynamics has positioned itself as one of the best aluminum stocks to buy for long-term growth and shareholder return with ongoing investment in value-added products and prioritizing operational excellence.